Richard Charles Winnall - Jan 8, 2024 Form 4 Insider Report for AMERICOLD REALTY TRUST (COLD)

Role: President, International
Signature: /s/ Nathan H. Harwell, attorney-in-fact
Stock symbol: COLD
Transactions as of: Jan 8, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/8/2024, 04:39 PM
Previous filing: Nov 14, 2023
Next filing: Mar 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COLD	Common Stock	Options Exercise	$0	+1.65K	+7.32%	$0.00	24.2K	Jan 8, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	COLD	Performance Restricted Stock Units	Options Exercise	$0	-1.65K	-100%	$0.00^*	0	Jan 8, 2024	Common Stock	1.65K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares acquired upon vesting of performance-based restricted stock units ("PRSUs"). Each PRSU represents the right to receive one share of Americold Realty Trust, Inc. common stock ("Common Stock"). The number of shares of Common Stock acquired upon vesting was based upon a comparison of the Company's relative total shareholder return ("TSR") against the total shareholder return of each company in the MSCI U.S. REIT Index over the performance period January 1, 2021 through December 31, 2023. TSR as computed and approved by the Company's Compensation Committee ranked in the 33rd percentile and resulted in a vesting percentage of 56% of the target award.
F2	Each performance-based restricted stock unit ("PRSU") represents the right to acquire one share of Common Stock. Vesting of the PRUs was determined based upon a comparison of the Company's total shareholder return ("TSR") on a relative basis to the MSCI U.S. REIT Index at the end of the applicable performance period (Jan. 1, 2021 - Dec. 31, 2023). The RSUs vested at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal as approved by the Company's Compensation Committee. The PRSUs were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Plan.

Content

Shares acquired upon vesting of performance-based restricted stock units ("PRSUs"). Each PRSU represents the right to receive one share of Americold Realty Trust, Inc. common stock ("Common Stock"). The number of shares of Common Stock acquired upon vesting was based upon a comparison of the Company's relative total shareholder return ("TSR") against the total shareholder return of each company in the MSCI U.S. REIT Index over the performance period January 1, 2021 through December 31, 2023. TSR as computed and approved by the Company's Compensation Committee ranked in the 33rd percentile and resulted in a vesting percentage of 56% of the target award.

Each performance-based restricted stock unit ("PRSU") represents the right to acquire one share of Common Stock. Vesting of the PRUs was determined based upon a comparison of the Company's total shareholder return ("TSR") on a relative basis to the MSCI U.S. REIT Index at the end of the applicable performance period (Jan. 1, 2021 - Dec. 31, 2023). The RSUs vested at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal as approved by the Company's Compensation Committee. The PRSUs were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Plan.

Remarks:

President, International